Form DIR-2 Consent to act as a Director of a company [Pursuant to section 152(5) and rule 8 of Companies (Appointment and Qualification of Directors) Rules, 2014] To NAME OF COMPANY CIN: ADDRESS OF COMPANY Subject: Consent to act as Additional director. I, NAME OF DIRECTOR, hereby give my consent to act as additional […]
Foreign direct investment (FDI) is when a company takes controlling ownership in a business entity in another country. With FDI, foreign companies are directly involved with day-to-day operations in the other country. This means they aren’t just bringing money with them, but also knowledge, skills and technology. FDI is an important monetary source for India's […]
Startup India is a flagship initiative of the Government of India (GOI), intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The action plan of this initiative is focussing on three areas: Simplification and Handholding. Funding Support and Incentives. Industry-Academia Partnership and Incubation. Under the Startup […]
A Board of Directors is an elected group of individuals that represents the shareholders of the Company. The board is a governing body that meets at regular intervals to set corporate management and oversight policies. As per the Companies Act, 2013, Every Company shall have a Board of Directors consisting of individuals as directors and […]
LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. As LLPs are separate legal entities, it’s the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP […]
Annual Return is a significant document for the stakeholders of a company as it provides in a nutshell, very comprehensive information about various aspects of a company and as per the section 92 of the Companies Act, 2013, every company is required to prepare their Annual Return in Form No. MGT-7 and file the same […]
Subsidiary Company: Subsidiary Company means, a Company in which other Company holds at least 51% of Shares/Voting Rights. i.e. Holding company enjoy majority of control Over subsidiary company. Wholly Owned Subsidiary: Means a company in which other company holds 100% Shares/Voting Rights. i.e. Holding company enjoy Full of control over wholly subsidiary company. […]
The Ministry of Corporate Affairs on 18th December 2018 by its notification has amended the Companies (Incorporation) Rules, 2014 by introducing Companies (Incorporation) Fourth Amendment Rules, 2018. Before coming of the Companies (Incorporation) Amendment, Rules, the National Company Law Tribunal (NCLT) had the power for the Conversion of Public Company into Private Company, But after Companies (Incorporation) […]
Registered office address is the address at which all official letters, notices and reminders will be sent by any person, any government or non-government or regulatory body. Under Section 7 of the Companies Act, 2013, registered companies are required to establish its principal place of business with 30 days of its incorporation. Usually, a registered […]
